Hello Karthik Here's a chart of EURUSD H1 containing all the recent CBs which I've labelled CB1- CB5 Working through the PA it now starts to all make sense. The green area is a previous supply now probably demand zone. CB4 resist all bulls during ...

Trading Using Control Bars

Excellent Thread Karthik Please ignore the haters and carry on with educating those who are open minded enough to embrace new ideas. I've attached an update on the CBs you showed in EUGBP. Interesting results when you run a fib from the H of the 1st ...

Trading Using Control Bars

Nice job Bully I agree that finding OS conditions at Demand Areas is a v good strategy. Sometimes a bit tricky exactly where to find your entry as Phanti points out. In the attached chart of EUR/JPY 15 min I've drawn an Equidistant channel with ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Thanks Jonas Thats pretty similar to my basic setup although I typically use a Stochastic mainly for when the market goes into a consolidation. RSX is definitely interesting I'm curious how often the 85 15 levels hold when the market is trending. ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Hey Guys One more point to bear in mind is that EU/USD has already done 145 pips today Ave last 60 days is 138. Yesterday was a big liquidation of long positions which is why it moved so far. Just saying there probably isn't a lot more down side ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Hey Guys I'm not sure exactly what the current strategy here is ! I've read through a fair bit of the thread and it seems to have changed quite a bit from the initial strategy of 15/30 TF ! It seems Doro now uses an H4 DZ/SZ with OS/OB RSX with a ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Hey Doro and Bully Have a llok at the EU/USD chart I posted earlier. You will see that the C ? level is slap in the middle of that demand zone u just posted. You are right if position trading always wait for the market to come to ur target. Nothing ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

EU/GBP — Hi Doro I think that is a good play. As well as demand the Weekly S1 is at 0.8722 and should provide additional support. That's if it gets there of course ! Regards, V

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Charts — Hi Jonas Here's a chart as requested.Some may argue over the exact points of the 5 wave move up but the ABC type correction is fairly clear. Typically leg C is either 100% of A leg or 61.8 of A 61.8 is right in the previous supply now ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Demand zones — Hey Guys Clear illustration there how Demand zones don't last forever ! Was about 6 visits to "the well" before it evaporated. Every visit soaks up some of the demand. Would now expect a re-test of both the DZ and the recently ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Hey Doro High probability trading strategies by Robert Miner covers this in some detail. Also do a search for Elliott Wave analysis online it will be on there as well. Cheers V

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

GBP H4 — Hi Dorobantu Run your fib from the 1.6004 low and you'll see something even clearer at 23.6 and 38.2 As in Eur clear 5 wave move up so ABC correction would be typical yesterday was leg A Best regards V

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

RSX — Hey Jonas Oh I thought the questions were straightforward but I'm happy to re-phrase ! Q1 Can RSX be used in the same way as RSI to see Regular Bullish and Bearish divergence ? Tarantula has a theory that with RSI when the value ranges ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

RSX — Hello Jonas and all regular traders on this excellent thread. I have a couple of questions re RSX. Given that it is similar to a smoothed RSI I presume some of the normal guidelines apply to this. Eg Regular Bullish and Bearish ...

Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Stops — Ok Thanks Mr T So basically what you are saying is that you don't place normal technical stops because these known to the market and a stop run would take out your stop and then possibly reverse back in the direction of your trade. By ...

Spider's Den

Stops — Hi Mr T Re your comments on stops on H1 it appears that your stop distance is based on some calculation involving ATR of H1 candles ? So effectively once you have decided an entry your SL is close to a max H1 candle above this. ...

Spider's Den

Pivot Trade — Hi All Thanks to RJ for an excellent explanation. Pivots in my experience PA tends to move towards whichever is nearer at the open. At Tokyo Open DPP approx 65 pips away and S1 25 pips away. Also given generally EUR bearish ...

Spider's Den

Ranges — Nice thread Mr T ! Very useful guidance exactly as I would expect. Re RSI its worth pointing out there was v clear Regular Bearish divergence in the 4HR chart last week so this weeks decline wasn't a huge shock especially considering ...

Spider's Den

Cloggie Saint or Sinner ? — Hey guys Haven't posted here for a while although I regularly monitor.I'm amused by the pro and anti Cloggie camps and the levels of childishness exhibited. Intelligent people will notice that Cloggie gets respect ...

EURUSD

Hi Cloggie Over the last couple of months or so more and more of my trading is based on simple PA , S/R trading.I do however keep the Stoch and MACD.An understanding of how the herd interpret these Indis can be a very helpful confirmation as often ...

EURUSD